As previously reported, Northland initiated coverage of 1stDibs (DIBS) with a Market Perform rating and $7 price target While the firm says the curated digital marketplace for high-end and antique furniture, artwork, jewelry, and home decor has an “established and hard to replicate moat” as well as a “unique growth and margin expansion story,” the firm prefers to stay on the sidelines until its sees clearer evidence of “more robust” growth.
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